Can I retire at age 60 with 2,870,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$237,002$234,891$232,831$230,821$228,858$221,090
2 years$117,328$115,143$113,025$110,972$108,980$101,232
3 years$77,441$75,247$73,135$71,101$69,141$61,656
4 years$57,502$55,314$53,223$51,224$49,312$42,147
5 years$45,542$43,367$41,303$39,345$37,486$30,661
6 years$37,571$35,413$33,379$31,464$29,662$23,181
7 years$31,880$29,739$27,738$25,869$24,123$17,986
8 years$27,613$25,492$23,524$21,701$20,012$14,214
9 years$24,296$22,196$20,261$18,484$16,853$11,387
10 years$21,645$19,564$17,664$15,933$14,360$9,216
11 years$19,476$17,417$15,551$13,867$12,350$7,519
12 years$17,671$15,632$13,802$12,163$10,702$6,173
13 years$16,144$14,127$12,331$10,738$9,332$5,094
14 years$14,837$12,841$11,079$9,532$8,181$4,220
15 years$13,705$11,731$10,003$8,501$7,203$3,508
16 years$12,715$10,763$9,069$7,612$6,366$2,923
17 years$11,843$9,912$8,253$6,839$5,645$2,442
18 years$11,068$9,159$7,534$6,163$5,019$2,043
19 years$10,376$8,489$6,897$5,569$4,473$1,712
20 years$9,754$7,888$6,329$5,044$3,996$1,437
21 years$9,192$7,347$5,822$4,578$3,576$1,207
22 years$8,682$6,859$5,366$4,162$3,205$1,015
23 years$8,216$6,415$4,954$3,791$2,877$854
24 years$7,791$6,010$4,582$3,457$2,586$719
25 years$7,399$5,640$4,244$3,157$2,327$605
26 years$7,039$5,301$3,936$2,887$2,096$510
27 years$6,706$4,989$3,655$2,642$1,890$430
28 years$6,397$4,701$3,398$2,421$1,705$363
29 years$6,110$4,435$3,162$2,220$1,540$306
30 years$5,842$4,188$2,945$2,038$1,391$258
31 years$5,592$3,959$2,746$1,871$1,258$218
32 years$5,359$3,746$2,562$1,720$1,138$184
33 years$5,140$3,548$2,392$1,581$1,030$155
34 years$4,934$3,362$2,235$1,455$932$131
35 years$4,741$3,189$2,089$1,340$844$110
36 years$4,558$3,027$1,955$1,234$765$93
37 years$4,386$2,875$1,829$1,137$693$79
38 years$4,224$2,732$1,713$1,048$629$66
39 years$4,070$2,598$1,605$966$570$56
40 years$3,924$2,472$1,504$891$517$47
41 years$3,785$2,353$1,411$822$469$40
42 years$3,654$2,241$1,323$759$426$34
43 years$3,529$2,135$1,242$700$386$29
44 years$3,410$2,035$1,166$647$351$24
45 years$3,297$1,941$1,094$597$318$20
46 years$3,188$1,851$1,028$552$289$17
47 years$3,085$1,767$966$510$262$15
48 years$2,987$1,687$907$471$238$12
49 years$2,892$1,611$853$435$216$10
50 years$2,802$1,539$802$402$197$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $2,870,000, adding $2,607 every year, while hoping to spend $36,155 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/31/9 Blend
59$2,870,000$2,870,000$2,870,000$2,870,000
60$3,165,429$3,013,319$2,968,834$3,348,816
61$3,449,834$3,122,503$3,029,821$3,581,311
62$3,762,037$3,235,825$3,091,640$3,830,437
63$4,104,834$3,353,450$3,154,280$4,101,270
64$4,481,308$3,475,550$3,217,728$4,395,904
65$4,894,852$3,602,302$3,281,973$4,716,639
66$5,349,205$3,733,894$3,346,997$5,066,007
67$5,848,488$3,870,518$3,412,785$5,446,793
68$6,397,237$4,012,378$3,479,318$5,862,062
69$7,000,454$4,159,682$3,546,573$6,315,187
70$7,663,646$4,312,652$3,614,529$6,809,878
71$8,392,881$4,471,516$3,683,159$7,350,220
72$9,194,846$4,636,511$3,752,436$7,940,709
73$10,076,907$4,807,887$3,822,330$8,586,294
74$11,047,181$4,985,902$3,892,806$9,292,422
75$12,114,608$5,170,826$3,963,830$10,065,091
76$13,289,043$5,362,941$4,035,363$10,910,903
77$14,581,340$5,562,540$4,107,363$11,837,128
78$16,003,461$5,769,929$4,179,784$12,851,770
79$17,568,586$5,985,428$4,252,578$13,963,642
80$19,291,235$6,209,367$4,325,693$15,182,450
81$21,187,411$6,442,096$4,399,074$16,518,881
82$23,274,743$6,683,975$4,472,659$17,984,705
83$25,572,659$6,935,382$4,546,385$19,592,884
84$28,102,564$7,196,710$4,620,184$21,357,694
85$30,888,048$7,468,371$4,693,981$23,294,857
86$33,955,100$7,750,792$4,767,701$25,421,692
87$37,332,359$8,044,420$4,841,258$27,757,272
88$41,051,386$8,349,722$4,914,566$30,322,608
89$45,146,953$8,667,185$4,987,531$33,140,842
90$49,657,381$8,997,316$5,060,051$36,237,467
91$54,624,894$9,340,644$5,132,023$39,640,564
92$60,096,020$9,697,723$5,203,333$43,381,068
93$66,122,032$10,069,129$5,273,862$47,493,057
94$72,759,428$10,455,465$5,343,486$52,014,071
95$80,070,467$10,857,360$5,412,069$56,985,469
96$88,123,753$11,275,469$5,479,472$62,452,812
97$96,994,886$11,710,477$5,545,544$68,466,297
98$106,767,174$12,163,100$5,610,130$75,081,223
99$117,532,417$12,634,084$5,673,061$82,358,518
100$129,391,778$13,124,208$5,734,163$90,365,307